Bitcoin Forum

hello

The coin is - a Physical, CASASCIUS, loaded 2013
I am sell in ebay auction
(Auction ends 08 Dec, 2017 21:13:28 GMT)

I am told the coin is pre fork so therefore worth more than just 1 bitcoin.


According to this link -

https://coinfirm.org/wp-content/uploads/2016/06/The-CoinFIRM-Casascius-Guide-v0.11-4.pdf

Only 7726 of this type of unopened physical coin are left in the world .

Consequently I have been told that this particular coin could have been sold for up to 3 times its face value due to massive collectors interest, this would equate to tens of thousands of pounds “crazy”
All I know is the current bid is at 5 thousand and this seems good to me.

I honestly know nothing about bitcoin.
I happened to attend a promotional event at the london O2 years ago and purchased this coin, its been in a draw ever since.
Only since I put it up for auction have I been starting to learn about this stuff.

I am new here I only found this forum a few days ago and I have been chatting on a different thread when one of your fine members giving me advice suggested people on this thread may have an idea of value ?

Would anybody here have an idea of its worth due to its collect-ability ?

I only ask out of interest now because I feel a bit of an idiot selling it on ebay , When it sells I would like to be able to work out how big an old idiot I really am, in cash terms :-)

thanks

Is it the brass coin or silver coin?  And it definately will not get 3 times its value here, that might have been back when btc to usd value was a lot lower.

Thank You.
I would guess its brass based

Based on condition it should fetch 1.3 ish, if you want you can post a pic here and people will tell you.  How was it handled and what condition is it in?

Yeah, seems like 1.3 is going rate for the "average" Casascius on eBay (not talking super rares or MS70s).  However, after eBay/Paypal fees, you're only going to net 1.14-1.17 btc.  Usually better to sell here in the 1.2 btc range.  I know it sounds counter intuitive, but you sell for less here but NET more since no fees to pay.  Also, no worries about Paypal freezing your funds (happens more than you think).  If you do sell here, there are several good blokes who have been escrow-ing deals here for a long time, if that would make you feel more comfortable.  Good luck.

Due to not have a grasp of technology I would struggle to put a photo on this forum but I have been taught how to do that on ebay so plenty of photos with the listing


Never heard of escrow-ing so prob no good for me,

One other thing I would love to ask is how do I prove to the buyer this is real ?
I think iv learnt that the visible number on the outside can prove it , but how ? Is there a web site for this ?

Thanks

Take a photo of the coin with a piece of paper that has the date and your username on it to prove you have the coin. Upload it to imgur.com. Paste the link here.

Or show us the auction link.

As for escrow, if you won't use it, you may as well stick with ebay because nobody is going to deal with you here without it. You can read how it works here (https://bitcointalk.org/index.php?topic=133931.0)

Using escrow with some of the top members used here and with bitcoin is way more full proof than ebay and paypal.  Read a bunch on it and I'm sure people will be glad to help but without a solid years long reputation here and not using escrow nobody will buy it.  Good luck

Ok guys I guess this escrow is something for me to look into, but probably to late for this auction, im old and learn slowly.

As asked for ebay link here.
https://www.ebay.co.uk/itm/263357455797?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

im still looking for a site to enter coin code to prove to buyer its loaded.

Thank you thank You

walletexplorer.com - put in the firstbits on the coin, and it should show up. There is always casascius.uberbills.com as well

many thanks Owlcatz

Hey,
I was just thinking to offer a little help maybe...first there's no need to worry sharing the public address because it's impossible to have the balance stolen without the mini private key on the inside of the hologram, if you were to sell it here you need to prove that you've got the coin and share the public address in order to get a valuation but your coin is not graded, you won't get much in premium...selling the coin through escrow is not that easy because if you'll do it through a member who hasn't got rep, you'll end up by losing the coin forever and not getting a quid for it, rep member you'll have to pay some fees and send the coin to him for inspection and then he'll send it to your buyer, it does take a while, if you need the funds ASAP, not a good option. Regarding how to redeem the BCH and BTG from a Casascius coin at blockchain, I would really like to start a thread about that or if someone knows about one in the past link it here. If you'll sell it through eBay, absolutely no PayPal especially if you want to deliver the goods to your buyer as you've stated in your eBay listing, chargeback as soon as you've left the place...consider bank transfer but you'll have to wait up to 12 midnight to make sure that your buyer won't report fraud on his account causing the bank to temporarily lock your account pending fraud investigation after you've given him the coin and maybe loosing the funds because it's hard to prove that you've sold him goods especially BTC, I've lost a lot of money due to a scammer who acted like this. Only option in my opinion is to sell it for whatever you'll get on eBay and I'm sure that your coin will get a lot of interest and take cash only with the buyer collecting or meet in a public place for exchange but keep in mind the 13.2% eBay and PayPal fees or.... redeem it yourself and try to sell it in person, use localbitcoins for cash transactions, it will be a little difficult as a newbie but you'll sell it. Always watch out for scammers in the crypto world because man is full of them,

Cheers

Thanks for the info, I will come back here and tell you how I got on.

Just checked the code and it said type 1 active

Some folk offer cash now to stop auction and meet them in a dark part of town :-)
Iv had a few of them.

 But can I ask one more thing – a guy says he needs to spend a few hours with me because it takes that long for the coin to get into his wallet, and only then is he happy to pay.
  Is this 3 hour transfer time correct ?

No, if you are the seller he's paying you, so that makes no sense. I can see waiting for 1 confirmation on the network by the seller, but not the buyer? Why does it take him 3 hours WITH YOU to get btc to pay you? F that... :P

Bad idea, it sounds rather suspicious. Besides, it will also lead to the redemption of this coin. Why would anyone want to do that???

Oh, right, I never thought of it that way - is he going to peel it in front of you and redeem it or something? LOL

Happened to be online and saw your last post...
UNDER NO CIRCUMSTANCES let ANYONE redeem the coin first without paying. If anyone does this, you'll lose the BTC loaded on the coin, even if they'll be doing it in your living room...you'll be able to prove that the BTC have been moved to a different address but you'll never know to whom the address belongs, can't prove that the address belongs to a specific person.  Just for your knowledge, a transaction can take from as little as let's say 10 mins up to 24hrs and it solely depends on how busy the BTC network is. I don't think that you should accept cash and end the auction on eBay, you may get more for the coin there, just wait for the auction to finish and like I said earlier, send a message to your buyer to come and collect, no PayPal and as a tip you can cancel the eBay transaction if your buyer agrees and split the fees in half, you'll get 5% more net value and your buyer will pay 5% less than he won it but there will be no fees to pay on your side so you'll get more net eventually, will be more convenient for both, lots of people are doing this. And about the meeting, don't meet in shady places because we're speaking about thousands of pounds which is a lot of money, and don't go to deliver, the buyer should either come to your place or something public from your neighbourhood, let him inspect the coin, verify it if he wants and straight after that get the cash and everyone will be happy...
Good luck mate, ask anything, will help if I may, don't want anyone else to get scammed as it happened to me and so many others...

All Fair warning, thank you thank you thank you


I wasn't thinking of ending sale but people have been making these suggestion about how to collect it.
One guy even suggests meeting in the night with bags of cash  :-o

OP, I've spotted your auction is far under the Bitcoin price at present so I assume you're not going to accept anything less than face value?

If it does sell for less, which is very unlikely in the current climate but you never know, then you may as well tell the winner to sod off and peel it and sell the Bitcoin and alts off it which will be far less hassle and more secure for you, or offer it up here instead to rescue it.

If it were me I'd only do the sale meeting in a bank and accepting cash or bank transfer straight from them to you. And once again balls to Paypal and triply even more so if a deal is done in person.

For reference OP the current price of Bitcoin (not including Bitcoin gold or cash) is £11k - your auction is currently at £6k

Also as you're not so savvy with Bitcoin, it seems like cash / bank transfer is a better route for you. If you go down this route I would definitely suggest meeting in a bank or police station in case the buyer wants to do anything he shouldn't..

Regardless well done for holding on to the coin so long - it might be a little difficult to shift the coin right now due to the constant rising price of Bitcoin - if you do find a buyer make sure you do you due dil with them first, don't rush into a deal you're not comfortable with

 useful link

https://n2liquid.wordpress.com/2013/03/09/redeeming-of-a-casascius-coin-aka-physical-bitcoin/

WoW link

 https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.co.uk%2Fulk%2Fitm%2F192390729428

surely more of a WTF link? the highest premium i've seen for one of those is about 5-6 btc when that would've been less than $2000 in total.

or the seller could be a time traveler from the future. maybe he's looking for some fat fingers that can't read but not too many people will have that lying around in their accounts. and customarily having any more than exactly one bitcoin on the balance is less attractive for some buyers.

WoW link

 https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.co.uk%2Fulk%2Fitm%2F192390729428


He says he will take pay pal  :D
 whos gonna tell him  ;D

RE - " I assume you're not going to accept anything less than face value "

I am, it will sell for whatever the bitcoin gods price it at.

So it sold pretty much on the nose of the market Bitcoin price give or take a few hundred quid which is surprising.

I hope the actual exchange of the coin goes smoothly for all.

Watched the auction closely, it sold below the market price, with min 0.1 BTC Premium is worth around 13.5k at bitpay's rate at the time of the auction ending, sold for 12k with 10% eBay fees, so would be 10.8k net for him...

Fees are capped at a max of £250 on Ebay.co.uk. He may even have been jammy and been offered a £1 fee offer which I get pretty regularly. I'm surprised it didn't reach more considering the current frenzy but there's a small pool of buyers for such a thing and perhaps the right ones weren't there in time.

Right, had no idea about that, I thought that'll be 10% no matter the value of the sale, hmm...interesting...and yea about buyers, with the BTC price so high, one CAS is now worth a lot of money...

Dang just read this quote.  The old, yeah It didn't work sorry can't pay you, then out the door he goes.  Amazing how many scammers there are in the world.  

OP heads up, don't know how it is in the uk, but for high value sales for things like this police stations in the US offer their station as a safe trade place for buyers and sellers.  Would recommend checking that out for any in person trades...and never give up the keys before you have money in hand.  If they want to redeem the coin it is a 100% scam.

sold for just under 12.
thanks everybody for helping an old fool through all this

I just missed the £1 ebay deal, it cost £250

the buyers are out there, 5 people gunning for it hard at the end.
I got Email straight after offering me 12500

Sell it for 12 and a half LOL and cut the 250 on eBay, cancel the sale but you'll get the negative from your buyer...maybe...you've got 100% positive and selling...I don't know, think about it...

I not going to do it , just saying people will pay more :-)